Guarantees

In a contract, a guarantee (also referred to as a warranty) is an undertaking that if certain terms of a contract are breached then any losses suffered by the innocent party will be compensated.

In addition to any specific clause in a consumer contract that provides a guarantee for the consumer, the law says that every consumer contract has some "implied" guarantees. These guarantees exist even if a contract does not mention them. In addition, a contract cannot say that the implied guarantees do not apply.

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